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been laid down. The powers to grant exemption and to reduce minimum local content is laid down in paragraph Section 17 . It is submitted that

contract, provision of Purchase Preference (Linked with Local Content) shall be applicable. If such local content is not maintained during execution of contract, OIL reserves ... least one or multiple contracts of onshore 3D Seismic Date Acquisition with minimum cumulative volume of 50 SQ KM (Square Kilo Meter) acquired with minimum

percentage of local content and provide self-certification that the item offered meets the local content requirement for 'Class-I local supplier ... Class-II local supplier', as the case may be. They shall also give details of the location(s) at which the local value addition